The committee will work to establish social credit standards for companies involved in power supply and generation, electrical power infrastructure and power market transactions.
China’s central government is stepping up its focus on Xinyidai 信易贷, a government-backed initiative to use social credit data to support loan financing for SMEs.
The launch provides one of the first channels through which non-Chinese-speakers can gain partial access to corporate social credit data.
In the run-up to the official release of Henan Province’s social credit policy, legislators are restricting the type of information that can be used as a basis for punishment under the local social credit system.
Hangzhou court uses WeChat mini-program to offer bounties for information leading to recovery of unpaid fines
The scheme intends to name and shame “court defaulters”, individuals and companies who have been blacklisted for outstanding legal debts.
A look at the details: How Hebei calculates corporate social credit for construction procurement bidding
With similar calculation schemes being released across many sectors nation-wide, these points systems give us an interesting window into how corporate social credit will impact a company’s success or failure in government procurement.
China’s central government has completed its first credit evaluation of 33 million Chinese businesses.
The government of Hainan is standardizing social credit’s relationship to government procurement bidding by rolling out a color-coded categorization model for blacklists and redlists.
The new measures are aimed at cracking down on debt evasion in the online space.
China’s national government takes steps to implement stronger top-down standardization of the social credit system.